Not Your Average Financial Podcast™

Episode 381: Exposed! Lapsed Universal Life Policies with Elan Moas, Part 1

December 20, 2024 by Not Your Average Financial Podcast

In this episode, we ask:

What do you think of when you think of tried and true products?
What if I told you of a product that failed 90% of the time?
What about life insurance?
Where is the scandal?
Where is the front page news?
Who is Elan Moas?
What is Elan’s experience?
What happened during the subprime mortgage crash?
What flaws did Elan discover in universal life insurance?
What does a “lapsed policy” mean?
What was happening to 9 out of 10 of these universal life policies?
What about dividends?
What is getting wiped out?
How many in-force illustrations did Elan run on the software?
What happened with updated interest rates?
To whom did Elan reach out?
Would you like to read the book Lapsed, The Universal Life Insurance Whistleblower?
Is an in-force illustration holy?
What are the takeaways?

Elan Moas, a seasoned financial advisor with over fifteen years in the industry, leverages his extensive experience and regulatory acumen to navigate the intricate world of universal life insurance. Holding multiple licenses including Series 6, 7, 63, 65, 2-15, and 2-20, Elan is a recognized advocate for ethical practices in financial advisory.

As the author of “Lapsed, The Universal Life Insurance Whistleblower,” Elan has scrutinized over 5,000 individual policies, uncovering structural flaws that have led to significant regulatory attention. His work includes submitting four SEC Whistleblower tips from 2016 to 2024, highlighting the high “lapse” rates and inherent issues within universal life insurance policies, particularly at major insurers like MetLife.

Through Moas Consulting, Elan provides ethical life insurance guidance, training for professionals, university lectures, and expert witness testimony. He has also shared his insights on various podcasts, becoming a sought-after voice on matters of financial integrity and consumer protection.

Message Elan on LinkedIn

Episode 380:[Client Spotlight] Mastering Real Estate and Bank On Yourself® with Brian Claus

December 13, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

How about balancing family life, ministry and real estate?
Who is Brian Claus?
Have you heard about UnBound Now?
What’s Brian’s earliest memory with money?
What did Brian’s Dad do to incentivize saving?
What’s Brian’s story?
What happened in 2018?
What are the benefits of running real estate through policies instead of banks?
What about Dave Ramsey’s thinking?
What about due diligence?
What about selling the house?
What was the benefit of putting the proceeds into a policy?
What about the down payment for the new house?
What about the pool?
What happened with the land deal?
What about the other deals?
How did Brian access the money?
Would you like to view Brian’s financial map?
How else does Brian use these policies?
What about paying taxes?
What about the ministry through Brian’s church?
Would you like to visit UnBound Now?
Would you like to email or message Brian on the FREE Not Your Average Financial Community?
What are the takeaways?

Brian Claus balances family life with a career in diverse real estate ventures, from long-term rentals to Airbnbs and land sales. For over a decade, he’s worked with Unbound Now, a dedicated anti-human trafficking organization, where he’s made a meaningful impact.

Episode 379: From Coma to Financial Independence with Nick Prefontaine

December 6, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

Have you ever faced a challenge so big, it just seemed insurmountable?
Have you turned a setback into a comeback?
Who is Nick Prefontaine?
What is the S.T.E.P. system?
What happened to Nick on the mountain?
What happened during recovery?
What has Nick done with his policy?
What about upgrading your health rating?
What is Nick really happy about?
Would you like to hear Episode 260?
Would you like to listen to Episode 75?
Would you like to revisit Episode 361?
How would you fill in this sentence? Because of my Bank on Yourself policy, ___________.
Would you like to visit Nick’s website to download the S.T.E.P. system for FREE?
Would you like to learn more about and implement Support, Trust, Energy and Persistence?
What are the takeaways?

Nick Prefontaine is a 3x best selling author and was named a top motivational speaker of 2022 in Yahoo Finance. He’s a Speaker, Founder and CEO of Common Goal.

Using the S.T.E.P. system he is able to lead clients through their trauma. Once they make it through, that is where their limitless potential lies. Nick has been featured in Brainz Media, Swaay and Authority Magazine.

Episode 378: Inflation: Stocks vs. Bank on Yourself®

November 29, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

Are you shocked about how everything keeps going up in price?
Are you surprised about how so many things are shrinking?
Who has debt on the balance sheet?
What about companies?
What about customers?
What about the stock prices?
What about interest rates?
What happens in a recession?
What vaporizes compounding?
What happened to the S&P from 2000-2022?
What are the stated returns?
What is the real return?
What about the investment fees?
Is inflation higher than what is being reported?
What does the Fed believe?
…Would you fire him?
What about insurance companies?
Who came first, insurance companies or the Federal Reserve?
What about bonds?
What about mutually owned life insurance companies?
What about dividends?
How does inflation affect cash value whole life insurance?
What is guaranteed to grow, regardless of any calamity or market crash?
What if they went through hard times… what happens then?
How is this difference from term insurance?
How about an example?
Are premiums fixed for life?
What happens to premiums with inflation?
What about the impact of inflation on stocks?
What about the impact of inflation on whole life insurance contracts?
When do you see the change in dividends?
What is a steady growth vehicle, regardless of inflation?
When do I want my money growing at its most efficient?
Is now a good time to take my chips off the table?
Would you like to join our FREE Not Your Average Community?

Episode 377: Real World Tips for Selling Your Business with David C. Barnett

November 22, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

What percentage of businesses successfully sell at all?
Who is David C. Barnett?
Would you like to hear David on Episode 154?
How about a story?
What are some of the hazards that new business owners run into all of the time?
How did David get started?
What did David learn as a business broker?
What does David do now?
What needs to happen for a fair deal to occur?
What are the reasons people need to sell businesses?
What do most sellers fail to realize?
What is aspirational pricing?
How has the internet changed the way buyers conduct research and due diligence?
What happens when you are excited and energetic about your business?
What happens when you start to feel fed up, have pressures or health issues?
What creates a whole series of red flags for buyers?
What mindsets, skillsets or strategies can one employ to prepare to sell the business?
How can you increase your earnings or reduce your own capital tied up in the business?
How is real estate different from an operating business?
How is a business actually a system?
Would you like to read David C. Barnett’s new book, Buying vs. Starting a Small Business: A Guide to Keep You From Going Broke?
Who would benefit from this book?
How does one empathize with the potential buyer?
What is the give and take required in this relationship?
What about seller financing?
What about the need for the buyer to be successful?
What’s it like to work with David?
What are the action items?
Would you like a business valuation? Book a Meeting

David C. Barnett has been working with small businesses for over 20 years. He’s helped them grow, he’s helped entrepreneurs buy and sell them, he’s helped people finance them. David is the author of 8 books about small business transactions and local investing. He’s the host of a YouTube channel with hundreds of videos about buying, selling, financing and managing SMEs and can be found anytime at his blog site www.DavidCBarnett.com

Episode 376: [Client Spotlight] Due Diligence and the Income Snowball with Tanisha Souza

November 15, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

Did you have a Game Genie or similar childhood thrill?
Do you remember the Choose Your Own Adventure books?
What is the income snowball?
How does one generate passive income?
Who is Tanisha Souza, J.D.?
What about due diligence?
How about a story?
What does Tardus Wealth Strategies do?
What is wealth coaching, and how is it different from financial advising?
What is the income snowball?
What is Tanisha’s background?
How does the income snowball work?
What are some examples of people on the income snowball?
What about a passive income strategy?
What’s the difference between an accumulation strategy and a passive income strategy?
What about replacing living expenses?
How about leverage?
Why leverage Bank on Yourself type whole life insurance policies with the income snowball?
Would you like to read Tanisha Souza’s book, Creating Your Income Snowball?
What are the benefits of shorter terms?
What are the risks?
What’s a slow burning fuel?
What’s a fast burning fuel?
What’s the risk tolerance?
Would you like to visit creatingyourincomesnowball.com?
What are the takeaways?

Tanisha Souza, J.D., is an author, patent-holder, professional speaker, wealth and passive income coach, and entrepreneur. She has a passion for teaching people how to live their dreams by quickly building passive income without risk. Tanisha quit the practice of law after replacing her income with passive income from real estate, and she launched Tardus Wealth Strategies, a full-service wealth and passive income coaching firm. Tanisha studied and obtained her bachelor’s degree at U.C. Berkeley and obtained her juris doctorate from the U.S.C. Law School.

Episode 375: Get Off the X! No Decision is Still a Decision

November 8, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

When does your training kick in?
What about a broader mindset of adaptability and resilience?
Does what saved you in the morning kill you in the evening?
What is riskier or now outdated?
What about wealth stability?
Who is standing right on the X?
What is the darling of everyone’s stock portfolio… until it’s not?
Who knows?
Who is stuck in analysis paralysis?
Would you like to hear Episode 342?
Is this really a safe stop?
What about a case study?
What about showing leadership with yourself?
What about the example of the Israelites?
Is not making a decision, still making a decision?
Am I doing what I’m doing right now, only because I’ve done it before?
What are some action steps?
What financial vulnerabilities need attention?
Who are the other members of your squad?
What did Dan say?
How about a story?
Do you have a chance to move off the X?
Would you like to meet with Mark or one of Mark’s associates?

Episode 374: [Client Spotlight] Bank On Yourself® and Austrian Economics with Max Brusky

November 1, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

Can you imagine…?
What is Austrian Economics?
Who is Max Brusky?
What is Max’s podcast about?
Would you like to hear the BuckAround Podcast?
What happened to Max in downtown Chicago?
What happened at the Mises Circle event?
What is the relationship between Austrian Economics and Bank on Yourself?
Who is Ludwig von Mises?
What about Mises’ books, Theory of Money and Credit (1912) and Socialism (1920)?
What about sound money?
What is considered a store of value?
What about lending money?
What is the purpose of the central bank?
Is it a quasi-government agency?
Who appoints the central bank’s governors?
What is money? What is credit?
Who controls the money supply?
What leads to inflation?
What leads to improper business signals to investors and creditors?
What is a good interest rate?
Who sets the interest rate?
What is the Austrian Business cycle?
What is the boom / bust cycle?
What happens when the money is cheap and free?
What happens when bad decisions get subsidized by more money?
What does Mark have?
Do the Austrians have something to say about what’s going in our world right now?
Would you like to visit mises.org?
What about the Great Depression?
Would you like to read Murray Rothbard’s book on The Great Depression?
Who was Murray Rothbard?
What about human action?
Who are the Austrian economists?
What is the fix? Can anyone fix it?
What about Bitcoin and cryptocurrencies?
What about the various agendas?
Do you remember the sidebar blogroll?
What about various Austrian economist podcasters?
What about Keynesian economics?
What about course corrections?
What did Thomas Jefferson say?
How was Max lucky?
Who is Robert Murphy?
Who is able to opt out of that system?
What is designed to keep you in debt?
What about debt, on the bank’s terms?
What happens when you use the cash value as collateral on a policy loan for big purchases in Bank on Yourself® type whole life insurance policies?
What is the great dispossession?
Who gets paid last?
How is an insurance company’s contract different?
What about the history of the contract?
What are the benefits of whole life insurance?
How does the death benefit make a big impact?
How has Max used his policies?
How about loaning money to kids for college?
What about having skin in the game?
What about the honor of paying back your debt?
What about paying tax?
What about donations?
How do the college loan repayments contribute to the kid’s inheritance?
What is a racket?
What are some creative ways to set up kids for success?
Would you like to visit mises.org?
Would you like to visit aier.org?
What are the takeaways?

Max Brusky is an attorney specializing in civil litigation, particularly insurance defense, coverage, and subrogation. He is currently an “in-house” and Claims Director for a national trucking company. He is a happy husband to a happy (and brilliant, and understanding) wife, and the proud father of two, one in college, one almost in college. He currently lives in Chicago’s far west suburbs, but still considers himself a Wisconsin expatriate.

Episode 373: Real Financial Curriculum in Schools with Vince Shorb

October 25, 2024 by Not Your Average Financial Podcast

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this episode, we ask:

Did you receive any practical financial education in school?
Would you like to see financial education in schools?
Who is Vince Shorb?
How about lizards?
What about the entrepreneurial spark?
Is there a financial illiteracy epidemic?
What’s Vince’s story?
How has education changed and stayed the same over the last 100 years?
How much time do teachers spend on practical, personal finance?
What outcomes would benefit high school students?
What about reform?
What principles would Vince teach if he were Pope of Education?
What are the financial literacy needs for kids in elementary school?
What about shaping positive behaviors?
At what age do financial habits develop?
What do 7 to 9-year-olds need to learn?
What are some sustainable and practical habits around saving and spending?
What are some considerations for high school students?
What about project based activities?
How does one prepare to select and pay for a rental home and pay bills?
What about college-level students?
What about the risk of college debt?
How do kids learn about money?
What about kids earning money for chores?
How might kids learn about bills, loans and savings?
What can kids manage?
Have you or your kids read the book, the Richest Boy in Athens?
Have you played the game Cash Flow for Kids?
Have you played the game Payday?
Have you seen or read the Tuttle Twins books?
How might kids start their own business?
How about encouraging kids to participate in the Children’s Entrepreneur Market?
How might one move forward after a financial literacy deficit in school?
What about resilience after mistakes have stacked up?
What about income?
What about expenses?
What about savings?
Do you need to earn more?
Do you need to save more?
Why is consistency the key?
What myths need to be busted?
What happens when kids apply practical knowledge?
Would you like to connect with Vince Shorb on LinkedIn?
Would you like to see the financial curriculum?
What about growing and scaling financial literacy in your community?
What are the takeaways?
What are the action steps?

Vince Shorb is one of the country’s leading advocates for promoting financial wellness and a thought leader in teaching and scaling financial education programming.After spending 15 years in financial services working one-on-one with more than 20,000 people, he founded the National Financial Educators Council – an organization dedicated to combating the financial illiteracy epidemic. He is the current CEO of the NFEC, an IACET Accredited company and a Certified B Corporation.